The ex-ante impact of conflict over infrastructure settings on residential property values. The case of Paris's suburban zones - INRAE - Institut national de recherche pour l’agriculture, l’alimentation et l’environnement Access content directly
Journal Articles Urban Studies Year : 2015

The ex-ante impact of conflict over infrastructure settings on residential property values. The case of Paris's suburban zones

Hai Vu Pham
Arnaud Simon
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Abstract

The presence of nearby public facilities has an impact on real-estate values; for this reason, the market may reasonably anticipate that public infrastructure projects will affect house prices. But undesirable and semi-desirable facility location choices may be contested by nearby residents, as they are a source of negative externalities or expectations. In Paris’s suburban zones, opposition to these infrastructures is frequent, and the official announcement of a project does not automatically mean it will be implemented. Through three case studies, we explore the way in which the expectation mechanism is affected by legal conflicts driven by nearby residents. We suppose that expectations depend on the probability that a given project will be realised. The variation is captured by a hedonic model. As conflicts amplify or reduce the certainty of the new facility’s arrival, market perceptions of the infrastructure vary.
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Dates and versions

hal-01277131 , version 1 (22-02-2016)

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André Torre, Hai Vu Pham, Arnaud Simon. The ex-ante impact of conflict over infrastructure settings on residential property values. The case of Paris's suburban zones. Urban Studies, 2015, 52 (13), pp.2404-2424. ⟨10.1177/0042098014546499⟩. ⟨hal-01277131⟩
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